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Speaker 1: The Americans. As we mentioned with Andrew earlier on, turns

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Speaker 1: out the United States now our second biggest export market,

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Speaker 1: where once Australia was everything. Now it's third, so China,

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Speaker 1: the US now Australia Trade mins to Todd, mcclays, well,

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Speaker 1: this morning, my good morning. Did you hear a moment ago?

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Speaker 2: I heard, just caught the end of it. I'm sorry,

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Speaker 2: are you?

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Speaker 1: Are you concerned that we have a massive queue of

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Speaker 1: solutions waiting to come in and help New Zealand business

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Speaker 1: grow But they've been sitting there for over a year

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Speaker 1: of not two years, and we need to crack on Todd.

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Speaker 2: It's absolutely and actually as Agriculture Minister, I hear it

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Speaker 2: from the sector all the time. We're far too slow

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Speaker 2: in that. It's very much what the Prime Minister, you know,

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Speaker 2: laid out a week ago in the State of Nation's speech.

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Speaker 2: We end up saying no and it's too hard rather

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Speaker 2: than finding a way to say yes. So I make

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Speaker 2: my words in the space that that lady was saying,

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Speaker 2: they need some help. We're working very furiously on this

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Speaker 2: and saying to our officials, yep, if you're going to

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Speaker 2: let it come into New enand has to be safe.

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Speaker 2: But if other countries are using it, you know, the

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Speaker 2: way to prove it shouldn't be as difficult as it is.

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Speaker 1: Exactly as much as I want to celebrate America and

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Speaker 1: I do, is anything gone wrong with Australia. Are we

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Speaker 1: growing Australia as much as we could or should?

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Speaker 2: No. Look, I think there's softness in the Australian market

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Speaker 2: that their economy is with ours and so that filt

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Speaker 2: us through to sort of our trade. But it's still

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Speaker 2: very very important to us, I think one of the

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Speaker 2: most important trading and investment relationships we have. But what's

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Speaker 2: happened in America is they are consuming more and as

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Speaker 2: their economy is growing quickly, they're looking towards many countries

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Speaker 2: of the world and New Zealand incidentally, although this isn't

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Speaker 2: to do with President Trump. When he became president last time,

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Speaker 2: our trade with the US grew very very quickly, and

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Speaker 2: although there's a bit of uncertainty about what he might

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Speaker 2: or might not do around tariffs, my prediction is during

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Speaker 2: the term of his presidency, New Zealand exporters will do

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Speaker 2: very very well in the US market.

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Speaker 1: Good this growth was seeing in the US market are

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Speaker 1: we fully tapped or is there so much more potential there?

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Speaker 2: There's a huge amount more if you look at sort

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Speaker 2: of where the growth is to put them, and they're

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Speaker 2: only about in goods about eight hundred million dollars a

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Speaker 2: year ahead of Australia. But you know, it's great for

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Speaker 2: our exporters. We've seen real growth and beef, there's been

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Speaker 2: some in dairy, a lot of wine, and then a

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Speaker 2: lot of it's tourism as well, you know, visitors coming

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Speaker 2: down here. No, I reckon, we're only just scratching the surface.

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Speaker 2: Our approach previously has been let's sell to America as

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Speaker 2: opposed to I don't know. The city of Los Angeles

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Speaker 2: has been a couple of times bigger than New Zealand.

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Speaker 2: So what we're seeing from a lot of our exporters

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Speaker 2: is then being much more strategic and a lot smarter.

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Speaker 2: Let's go into a market, and let's focus on this

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Speaker 2: state and build a really good presence and then step

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Speaker 2: to another one, rather than saying let's try and supply

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Speaker 2: everybody across America. And I think it's just a high

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Speaker 2: quality product, a really good reputation, and we have people

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Speaker 2: up there in that market that are really good now

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Speaker 2: at doing business.

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Speaker 1: I know this is slightly out of your wheelhouse, but

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Speaker 1: there's a letter floating around this morning from the B

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Speaker 1: and Z to a coal mine. And this is what

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Speaker 1: Jane Jones have been on about this week, just systematically

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Speaker 1: closing down their business, saying there's no check account, there's

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Speaker 1: no debit card, no credit card, there's no nothing. Is

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Speaker 1: this part of the big growth strategy in this country

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Speaker 1: or do we need to do something about it?

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Speaker 2: We need to fix that. Look independent, each business has

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Speaker 2: a right to make decisions for itself, but it feels

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Speaker 2: like there's been a very very big push from around

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Speaker 2: the world and in New Zealand we you know, grab

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Speaker 2: the bit between the teeth of saying again no to things. Look,

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Speaker 2: we do need to transition to more sustainable business practice

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Speaker 2: full stop, but we shouldn't be doing it by closing

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Speaker 2: things down that we currently need to grow the economy.

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Speaker 2: We can use our natural resources to help with AI

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Speaker 2: for more electricity that we'll need to build the batteries

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Speaker 2: of the world once and also you know, have good

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Speaker 2: environmental outcomes. It shouldn't be a trade off between one

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Speaker 2: and the other.

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Speaker 1: I just don't get Todd how you as a government

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Speaker 1: can go we're pro mining and we want more mining,

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Speaker 1: while at the same time the Bank of New Zealand

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Speaker 1: is closing mining down and overtly and deliberately.

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Speaker 2: Well that's right, and I think that's why you've seen

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Speaker 2: Shane raise it as a minister, and you know they'll

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Speaker 2: be a bit more talking about it. One of the

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Speaker 2: new responsibilities Chrystluction's given me as part of you know,

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Speaker 2: growing the economy this year is, you know, Minister of Investment,

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Speaker 2: Foreign direct Investment. And here's the interesting thing. When I

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Speaker 2: was up in the UAE, one of their big investment

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Speaker 2: funds says, you guys don't issue banking licenses anymore, and

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Speaker 2: I said, well we do. Why I said, well we

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Speaker 2: go and we we are looking at parts of the

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Speaker 2: world where we are opening local national banks, not branches.

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Speaker 2: And I said to them, well, why don't you come

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Speaker 2: down and talk to us. If it's a good fit,

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Speaker 2: we'll do whatever we can. So here's the message that

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Speaker 2: being said in others they have a right to make decisions,

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Speaker 2: but actually the government's job is to you know, allow

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Speaker 2: things to happen and set up the framework. And if

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Speaker 2: they don't want to do it. I think around the

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Speaker 2: world others will. But maybe after Shane has spoken being

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Speaker 2: said'll go and have another look at their policies.

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Speaker 1: Well see. Nice to have you on the program, Tom

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Speaker 1: mclach Trade Ministers.

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Speaker 2: For more from the Mic Asking Breakfast, listen live to

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Speaker 2: news talks. It'd be from six am weekdays, or follow

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